Archive for June, 2009

SBI cuts home loan rates for first 3 years

With real estate prices dropping, action is hotting up in the home loan market.


Home Sweet Home, Not for Many

Despite glimmers of hope, the real estate market is still very much in distress. The combination of falling home prices and rising unemployment is creating stress for many homeowners who reached to buy a home when prices were high


SBI, HDFC slash home loan rates

With real estate prices dropping, action is hotting up in the home loan market. State Bank of India, the country’s largest lender, said on Tuseday that it had improved upon its home loan scheme and would offer home loans starting at 8 per cent in the first year before rising 100-150 basis points in the second and third years.


Federal Home Loan Bank of San Francisco Releases May 2009 Cost of Funds Index

SAN FRANCISCO—-The Federal Home Loan Bank of San Francisco announced June 30, 2009, that the 11th District Monthly Weighted Average Cost of Funds Index for May 2009 is 1.832%. The index for April 2009 was 1.380%.


SBI, LIC HF cut home loan rates

State Bank of India, the country’s largest lender, on Tuesday launched two new home loan products-SBI Easy Home Loan and SBI Advantage Home Loan-for buyers in the sub-Rs 30-lakh and over Rs 30-lakh category, with processing fee for both waived until September 30, while home mortgage lender LIC Housing Finance has reduced the interest rates for its existing borrowers.


SBI offers two new home loan schemes

SBI has launched two new home loan schemes, SBI Easy Home Loan and SBI Advantage Home Loan, with processing fee for both waived till September 30.


Protesters demand mortgage help from loan firms

Associated Press – June 30, 2009 11:03 AM ET PHILADELPHIA – Protests are planned in more than a dozen cities across the country to demand that a group of mortgage companies who benefited…


SBI improves its home loan offer

Offers to fix rates in second, third year of loan. With real estate prices dropping, action is hotting up in the home loan market.


Protesters demand mortgage help from loan firms

Several key mortgage companies that benefited from federal bailout funds have yet to sign onto the Obama administration’s plan to help more homeowners avoid foreclosure.


Home prices post 18.1 percent annual drop in April

There is a clear trend home prices declines are moderating — another sign the beleaguered housing market is stabilizing, according to data released Tuesday.